Jump to content
Create New...

$17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft

ExpertFX Podcast - No time to read? Let me read it for you. Press Play!

What started as a suspicion of cheating ended with an arrest for XRP/USD theft. Nancy Jones, widow of country icon George Jones, says her longtime partner, Kirk West, stole more than $17 million in XRP from her Tennessee home.

Dang, you never want to see that happen to your XRP. RIP.

Reportedly, with doubts about West’s loyalty growing, Jones asked her granddaughter to check on her money, only to find that a Ledger wallet and $400,000 in cash were gone. That wallet held over 5.5 million XRP tokens.

West was picked up by police at Nashville International Airport on July 24, just as Franklin police opened their investigation.

XRP
Price
Market Cap
XRP
$183.49B
24h7d30d1yAll time

XRP/USD: Attempted Extortion and Partial Recovery

Court documents allege that West later contacted Jones and offered to return only a portion of the stolen funds.

“He said he would wire me $5 million and that was all I was going to get,” Jones recounted, per the criminal affidavit.

Although Jones was able to recover approximately 5 million XRP, she still suffered a loss of over 483,000 tokens. West now faces charges of felony theft over $250,000, and his bond is set at $1 million.

The theft adds a layer of drama to what’s already been a busy week for Ripple Labs. On July 25, Ripple published a new report exploring how stablecoins are shaping global payment infrastructure. The company highlighted how stablecoins are becoming increasingly important in regions with volatile local currencies and limited USD access.

“Stablecoins like USDC, USDT, RLUSD, and newer region-specific tokens are being integrated into wallets and payment platforms worldwide,” Ripple wrote.

Traditional Finance Embraces XRP Stablecoin Tech

The stablecoin invasion by legacy finance is well underway.

  • Visa has now processed more than $225 million in stablecoin payments.
  • Mastercard is pushing out stablecoin-linked debit cards.
  • Worldpay is expanding stablecoin payouts across both the U.S. and Europe.

And XRP looks to be one of the coins at the center of this revolution, so make sure to keep those coins safe!

“From blockchain-based networks to mobile money aggregators, the financial services ecosystem is evolving fast… Stablecoins and fintech innovators are transforming global transactions.” -Ripple Foundation

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

DISCOVER: Best Meme Coin ICOs to Invest in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Key Takeaways

  • What started as a suspicion of cheating ended with an arrest for XRP/USD theft.
  • “Stablecoins like USDC, USDT, RLUSD, and newer region-specific tokens are being integrated into wallets and payment platforms worldwide,” Ripple wrote.

The post $17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft appeared first on 99Bitcoins.

Latest comments

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Live Global Sessions
Real-time NYSE Data Feed
Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.